0001140361-17-019748.txt : 20170511 0001140361-17-019748.hdr.sgml : 20170511 20170511161054 ACCESSION NUMBER: 0001140361-17-019748 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170510 FILED AS OF DATE: 20170511 DATE AS OF CHANGE: 20170511 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PS BUSINESS PARKS INC/CA CENTRAL INDEX KEY: 0000866368 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954300881 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 701 WESTERN AVE CITY: GLENDALE STATE: CA ZIP: 91201 BUSINESS PHONE: (818) 244-8080 MAIL ADDRESS: STREET 1: 701 WESTERN AVE CITY: GLENDALE STATE: CA ZIP: 91201 FORMER COMPANY: FORMER CONFORMED NAME: PUBLIC STORAGE PROPERTIES XI INC DATE OF NAME CHANGE: 19930328 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KROPP JAMES H CENTRAL INDEX KEY: 0001227451 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10709 FILM NUMBER: 17834391 MAIL ADDRESS: STREET 1: 701 WESTERN AVENUE CITY: GLENDALE STATE: CA ZIP: 91201 4 1 doc1.xml FORM 4 X0306 4 2017-05-10 0 0000866368 PS BUSINESS PARKS INC/CA PSB 0001227451 KROPP JAMES H C/O PS BUSINESS PARKS, INC. 701 WESTERN AVENUE GLENDALE CA 91201 1 0 0 0 Common Stock 2017-05-10 4 M 0 2068 55.89 A 10902 D Common Stock 2017-05-10 4 S 0 1768 124.2338 D 9134 D Common Stock 4491 I by IRA Stock Option (right to buy) 55.89 2017-05-10 4 M 0 2068 0 D 2009-05-05 2018-05-05 Common Stock 2068 0 D On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti dilution provisions of PSB's 2003 Stock Option and Incentive Plan, an option for 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 68 shares of common stock. Represents weighted average sale price. These shares were sold at prices ranging between $124.2314 and $124.2457. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. By a custodian of an IRA for benefit of the reporting person. Stock Option granted pursuant to the 2003 Stock Option and Incentive Plan. The Option vested in five (5) equal annual installments beginning one (1) year from date of grant. This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $57.79, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014. /s/ Lily Yan Hughes, Attorney-in-Fact 2017-05-11